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Modeling Inflation In Romania

Author

Listed:
  • Pelinescu, Elena

    (Institute of Economic Forecasting, Romanian Academy, Bucharest)

  • Turlea, Geomina

    (Institute of World Economy, Romanian Academy, and Romanian Center for Economic Modelling, Bucharest)

Abstract

This paper is organized in three parts: a discussion of general issues, an overview of evolution of inflation, highlighting the stages of the persistent inflation in Romania, and a model of Romanian inflation using VAR methodology. The purpose of the paper is to present an efficient instrument for simulation and research of inflation and its determinants in Romania, with a focus on the short-term impact of changes in money, foreign exchange and wage policies as well as the impact of external shocks.

Suggested Citation

  • Pelinescu, Elena & Turlea, Geomina, 2004. "Modeling Inflation In Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 1(4), pages 68-86, December.
    • Handle: RePEc:rjr:romjef:v:1:y:2004:i:4:p:68-86
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    Citations

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    Cited by:

    1. Constatin MITRUȚ & Mihaela GRUIESCU & Roxana Cristina VÎLCU, 2017. "Modeling the Causes of Inflation in Romania," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 51(3), pages 21-38.
    2. Sánchez, Marcelo, 2010. "Modelling anti-inflationary monetary targeting: with an application to Romania," Working Paper Series 1186, European Central Bank.
    3. Capraru Bogdan & Ihnatov Iulian, 2011. "External Factors Influence On Inflation: The Case Of Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 469-475, July.

    More about this item

    Keywords

    inflation; price; VAR;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • P22 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Prices

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